Perceptyne, an Indian robotic startup focussed on artificial intelligence, on Monday, announced that it secured $3 million in a seed round co-led by Endiya Partners and Yali Capital. 

The company said that the funding round also witnessed the participation of of Whiteboard Capital and other notable angel investors. 

Funding to Accelerate Product Development

Perceptyne said that the financial backing will be used to accelerate product development, customer acquisition, and growth. 

The firm is currently working closely with manufacturing giants in the automotive and electronics sectors. 

"AI has been making huge strides in the digital world with more compute being available, complex models being built, and large amounts of data being collected," said Raviteja Chivukula, CEO and co-founder of Perceptyne. 

He added: "Leveraging these advances in the world of manufacturing automation requires a different class of robots - those that can sense the real world better and are articulate enough to execute AI inferencing granularly." 

Perceptyne: All You Need to Know

Perceptyne was founded by Raviteja Chivukula, Jagga Raju Nadimpalli, and Mrutyunjaya Nadiminti. 

The company is currently developing robotic products that demand human-like dexterity, such as product assembly & packaging. 

To materialize this goal, Perceptyne is building a vertically integrated full-stack robotics platform centered around AI and other advanced technologies. 

The Hyderabad-based firm, on their website claims that its products will help manufacturing companies accelerate robotic automation efforts by reducing integration time and implementing automation without making changes to their assembly lines. 

The company also states that its ultimate vision is to "enhance human potential through automation," as well as "innovate and build a full-stack AI robotics platform for automating dexterous tasks​."